Superstate launches an on-chain direct issuance solution, enabling companies to raise funds in stablecoins to issue tokenized shares.

Superstate, led by Compound founder Robert Leshner, announced the launch of "Direct Issuance Programs," allowing publicly traded companies to raise funds directly from KYC-verified investors by issuing tokenized shares. Investors can pay with stablecoins and enjoy instant settlement. The service will run on Ethereum and Solana, with the first issuance expected to launch in 2026.